Do you want to know the current price of Alibaba Group and what will happen to BABA shares next? On this page, we share the latest news about Alibaba and give advice on buying stocks. You can also view the latest Alibaba Group stock forecast for 2021 and 2022 from our experts.
Should You Buy or Sell Alibaba Group Shares Today? To what levels can the shares of this company rise in a year, two, three? How much will Alibaba Group stocks be worth in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for BABA shares, both up and down.
Alibaba Group Forecast for 2022 and 2023
Quotes of Alibaba Group continue to move as part of a strong fall. The moving averages point to a short-term bearish trend in BABA shares. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of securities and a likely continuation of the decline in the near future. At the time of publication of the forecast, the value of the shares is 218.12 per share. As part of the forecast, we should expect an attempt to continue the fall in stock quotes and a test of the support level near the 125.05 area. Further, the price bounces up and the continued rise in the value of securities. The potential target of such a movement in shares is the area above the level of 300.05 already in 2021, 2022, 2023.
An additional signal in favor of the growth of Alibaba Group quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the support area. Cancellation of the option of raising the quotes of the Alibaba Group shares will be a fall and a breakdown of the level of 105.05. This will indicate a breakdown of an important support area, in which case we can consider a continuation of the decline in securities to the area at the level of 75.00. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 205.05, which will indicate that prices will go beyond the descending channel.
Alibaba Group Forecast for 2022 and 2023 suggests the development of a decline and a test of the support area near the level of 125.05. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 300.05. In favor of the growth of securities, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the BABA rise option will be a fall and a breakdown of the level of 105.05. This will indicate a breakdown of support and a continuation of the fall in value to the area below the level of 75.00.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
